Hyperscale Data taps Bitcoin holdings to fund Michigan AI campus

Hyperscale Data, Inc. (NYSE American: GPUS) announced it is redirecting a portion of its Bitcoin treasury to fund construction of its Michigan AI data center campus, according to a press release issued July 30, 2026.

The company said it has sold approximately 100 Bitcoin, with proceeds going directly toward the Michigan campus development. It has also established a Bitcoin-backed credit facility with variable interest rates expected to range from approximately 4.5% to 5.0%, using its remaining Bitcoin holdings as collateral.

The Michigan campus is tied to a previously announced master services agreement with a neo-cloud AI infrastructure provider. The agreement has an initial 10-year term with two five-year extension options exercisable by the customer. The initial scope covers approximately 20 megawatts of AI compute capacity and is expected to generate more than $1.2 billion in revenue if the full term is exercised. The customer also holds an option for an additional 32 megawatts, which, if exercised within the first two years and extended through both options, would bring total expected contract revenue above $3.0 billion.

Executive Chairman Milton "Todd" Ault III said the company had accumulated approximately $71 million in Bitcoin through mining operations and treasury management, describing it as "a significant source of financial flexibility."

CEO William Horne said the strategy is intended to reduce stockholder dilution by lowering reliance on equity financing. "By selectively monetizing and financing against a portion of our Bitcoin holdings, we are shifting one balance sheet asset for another," Horne said.

The company stated it plans to maintain meaningful Bitcoin ownership while continuing to evaluate the balance among holding, borrowing against, and selectively selling Bitcoin based on market conditions and capital needs.

Hyperscale Data also noted it expects to divest its subsidiary Ault Capital Group, Inc. in the second quarter of 2027, after which the company would focus solely on data center operations and digital asset holdings.

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